The Philippine revenues are derived from sources, except

________ cover proceeds from sales of fixed capital assets or scrap thereof and public domain and gains on such sales like sale of public lands, buildings and other structures, equipment, and other properties recorded as fixed assets.

__________ is the inherent power of the sovereign, exercised through the legislature, to impose burdens upon subjects and objects within its jurisdiction for the purpose of raising revenues to carry out the legitimate objects of government.

Taxes are the enforced proportional contributions from persons and property levied by the law-making body of the State by virtue of its sovereignty for the support of the government and all public needs.

The primary purpose of taxation on the part of the government is to provide funds or property with which to promote the general welfare and the protection of its citizens and to enable it to finance its multifarious activities.

The theory of taxation, which provides that the existence of government is a necessity; that government cannot continue without means to pay its expenses; and that for these means it has a right to compel its citizens and property within its limits to contribute.

The rule of taxation shall not be uniform and equitable. The Congress shall evolve a progressive system of taxation.

The principles of a sound tax system which means that the sources of revenue should be sufficient to meet the demands of public expenditures.

One of the Nature or characteristics of the State’s power to tax is that, it is legislative in character; hence, only the legislature can impose taxes (although the power may be delegated).

The three inherent powers of the State includes all, except

The power to tax involves the power to destroy.

It is the State or political unit which has jurisdiction to impose a particular tax.

This means that the property is taxable in the State where it has its actual situs, specifically in the place where it is located, even though the owner resides in another jurisdiction.

The determination of the situs of taxation depends on various factors include the following, except

Taxes are levied for public purpose or purposes.

_________ is legal compensation or reward of an officer for specific services while a tax is an enforced contribution from persons or property by the law-making body by virtue of its sovereignty and for the support of the government and all public needs.

__________ is a sum of money for the use of something. It is the consideration which is paid for the use of a road, bridge, or the like, of a public nature.

Classification of taxes as to subject matter or object includes all, EXCEPT:

Tax collections during January to September 2021 amounted to _________